USD returned some of its gains that it had managed to eke out over the past two sessions on Fri after inflation print missed estimates, which cast doubts about global reflation trades, and retails sales slipped for the s

GBL: Ebbing USD

Global Markets Daily by Saktiandi Supaat

FX Research

USD returned some of its gains that it had managed to eke out over the past two sessions on Fri after inflation print missed estimates, which cast doubts about global reflation trades, and retails sales slipped for the second month. This suggests possible headwinds to the US economy that could validate the Fed’s go slow approach to hiking rates. All of these added to USD woes – already under pressure from Trump’s “our dollar is getting too strong” comments and preference for a low interest ...